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Succession Planning

Podcast: ESOPs - Are They Right for Your Business?

Posted 6:00 PM by
Mark Flinchum and Andy Manchir of Katz, Sapper & Miller’s ESOP Services Group join host Ed Mysogland on the "Defenders of Business Value" podcast to discuss ESOPs - Are They Right for Your Business? The episode explores the steps taken when a company considers ESOP formation, from the initial decision process to potential tax benefits and how an ESOP benefits employees.
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Flinchum and Manchir to Discuss ESOP Tax, Accounting, and Valuation Practices at Annual Great Lakes Regional ESOP Conference

Posted 12:56 PM by
Katz, Sapper & Miller’s Mark Flinchum and Andy Manchir will present at the Fifth Annual Great Lakes Regional ESOP Conference. Taking place Oct. 17-18 in Sandusky, OH, the conference brings together the Indiana, Michigan, Ohio, and Kentucky chapters of The ESOP Association to discuss current topics pertinent to the ESOP community.
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KSM to Discuss ESOPs at Old National Bank Center for Closely Held Business Conference

Posted 3:54 PM by
KSM’s Dan Rosio, partner in the firm’s Valuation Services Group, and Andy Manchir, director in the firm’s Valuation and ESOP Services Groups, will present “ESOP: Legacy, Empowerment and Succession Planning" alongside Brian Henning and Alan O’Rear, senior vice presidents with Old National Bank, and Alex Mounts, partner with Krieg DeVault, at the Developing the Disruptor’s Mindset conference hosted by Butler University’s Old National Bank Center for Closely Held Business. The event, taking place Aug. 7 in Indianapolis, will feature keynote and breakout sessions designed around the needs of closely held business leaders.
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Partial ESOP Ownership as an Exit Strategy

Posted 1:15 PM by
According to the National Center for Employee Ownership (NCEO), the United States has over 6,600 Employee Stock Ownership Plans (ESOPs) with nearly $1.4 trillion in total assets. While ESOP companies are not required to report ownership percentages, the NCEO estimates that only 30% to 40% of those ESOPs are 100% employee-owned.
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Business Succession Planning: An ESOP Case Study

Posted 7:40 PM by
The baby boomer generation is retiring at a record pace and business owners are looking for succession planning options that can help them transition their business to new ownership. Employee Stock Ownership Plans (ESOPs) represent a compelling succession planning alternative.
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Do You Know the Value of Your Transportation Company?

Posted 6:30 PM by
The transportation industry thrived in 2018. While signs point to some correction in 2019, the state of the market is currently strong, bank capital is readily available, and private equity firms are eager to get into the industry. These factors and more make this an appealing time for some owners to consider selling. Others are looking closely at growth opportunities such as investment in new technology and equipment.
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Quality of Earnings Engagements Provide Confidence in ESOP Transactions

Posted 12:30 PM by
When an owner decides to sell his or her company to an Employee Stock Ownership Plan (ESOP) trust, one of the most impactful factors in the transaction is the company’s value. The ESOP trustee establishes the company’s value, which affects the total transaction price. It is vital that the price is as close to the company’s actual value as possible so the seller is compensated appropriately and the participants of the ESOP are not overpaying for the company.
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Flinchum, Hooper, and Lyon to Speak at 2017 ATA National Accounting and Finance Council Conference

Posted 5:44 PM by
Katz, Sapper & Miller’s Mark Flinchum, Randy Hooper, and Ben Lyon will present at the 2017 American Trucking Associations' (ATA) National Accounting and Finance Council Annual Conference.
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Taking Stock of the ESOP Option: 9 Ways to Assess if an ESOP Is Right for Your Company

Posted 1:05 PM by
There are many angles and factors to consider when determining if an Employee Stock Ownership Plan (ESOP) is a company’s best option. Many leaders understand their employees might be their best succession plan, but they can lack the detailed knowledge to begin the process of determining if an ESOP is a feasible choice.
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